|
|
|
MIRA INFORM REPORT
|
Report No. : |
499920 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
A. R. THERMOSETS PRIVATE LIMITED (w.e.f. 09.09.2013) |
|
|
|
|
Formerly Known
As : |
ART INFRA SOLUTIONS PRIVATE LIMITED (w.e.f. 27.01.2011) A. R. THERMOSETS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
104, Chandralok Complex, 26/72-D, Birhana Road, Kanpur-208001, Uttar Pradesh |
|
Tel. No.: |
91-11-46543512 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.04.1991 |
|
|
|
|
Com. Reg. No.: |
20-013046 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.505 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45206UP1991PTC013046 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
09AACCA3162C1Z5 |
|
|
|
|
TIN No.: |
09845500283 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3162C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is
engaged mainly in manufacturing and supply of bituminous solutions, crash barriers
and other road aesthetics and traffic safety solutions for road construction
industry. The company is also carrying out the business of road construction.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1991 having satisfactory track record. It is engaged as manufacturer, producers, buyers, sellers, importers, exporters and dealer of helmets used for all purpose made up of thermocol, plastics, fiberglass, etc. For the financial year 2017, the company has achieved decent growth of 30.71% in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its extensive experience of its promoters. However, these rating strength gets partially offset by the susceptibility of margins to volatile raw material prices and exposure to intense competition in the industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Mobile No.:91-9005094956 / 9005094960)
Tel. No.:91-512-2302275 (Continuously ringing)
Tel. No.:91-512-2363491 (Not exist)
LOCATIONS
|
Registered Office /
Corporate Office : |
104, Chandralok Complex, 26/72-D, Birhana Road, Kanpur-208001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2302275 |
|
Fax No.: |
91-512-2354644 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Delhi Office : |
D - 20, Defence Colony, New Delhi – 110024, India |
|
Tel. No.: |
91-11-46543512 |
|
Fax No.: |
91-11-46543514 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manoj Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
13, Narain Kuti Gandhi Gram, G.T. Road, Kanpur-208007, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01054595 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Saurabh Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
117/H-1/298, Model Town Pandu Nagar, Shastri Nagar, Kaka Deo, Kanpur- 208007, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.05.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.12.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01054891 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vandana Gupta |
|
37100 |
|
Supriya Gupta |
|
11000 |
|
Anurag Gupta |
|
8000 |
|
Saurabh Gupta |
|
5000 |
|
Neeraj Gupta |
|
2900 |
|
Manoj Gupta |
|
1050 |
|
Total |
|
65050 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
9.30 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
90.70 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is
engaged mainly in manufacturing and supply of bituminous solutions, crash
barriers and other road aesthetics and traffic safety solutions for road
construction industry. The company is also carrying out the business of road
construction. [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Birla and Chand Chartered Accountants |
|
Address : |
7/17-A, 2nd Floor, Parwati Bagla Road, Kanpur-208002, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2531307 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
ACJPB5908K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties (Subsidiaries and Associates Companies) : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65050 |
Equity Shares |
INR 100/- each |
INR 6.505 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are INR
Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.505 |
6.505 |
6.505 |
|
(b) Reserves &
Surplus |
140.491 |
112.907 |
98.926 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
146.996 |
119.412 |
105.431 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
54.412 |
53.788 |
39.319 |
|
(b) Deferred tax
liabilities (Net) |
0.927 |
0.179 |
0.642 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
55.339 |
53.967 |
39.961 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
242.299 |
125.304 |
129.507 |
|
(b) Trade payables |
18.832 |
4.268 |
7.887 |
|
(c) Other current
liabilities |
44.137 |
30.559 |
32.354 |
|
(d) Short-term provisions |
1.184 |
1.208 |
2.330 |
|
Total Current Liabilities
(4) |
306.452 |
161.339 |
172.078 |
|
|
|
|
|
|
TOTAL |
508.787 |
334.718 |
317.470 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
113.984 |
104.347 |
76.106 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.652 |
0.488 |
0.274 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.875 |
0.875 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.606 |
22.715 |
1.934 |
|
(e) Other Non-current
assets |
0.413 |
0.412 |
0.000 |
|
Total Non-Current Assets |
127.530 |
128.837 |
78.314 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.191 |
0.535 |
0.413 |
|
(b) Inventories |
102.005 |
77.274 |
51.295 |
|
(c) Trade receivables |
139.815 |
78.213 |
87.959 |
|
(d) Cash and cash
equivalents |
29.107 |
17.099 |
63.714 |
|
(e) Short-term loans and
advances |
105.910 |
32.107 |
33.276 |
|
(f) Other current assets |
3.229 |
0.653 |
2.499 |
|
Total Current Assets |
381.257 |
205.881 |
239.156 |
|
|
|
|
|
|
TOTAL |
508.787 |
334.718 |
317.470 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
811.076 |
620.524 |
688.698 |
|
|
Other Income |
1.560 |
0.328 |
0.127 |
|
|
TOTAL |
812.636 |
620.852 |
688.825 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
562.701 |
407.772 |
457.312 |
|
|
Purchases of
Stock-in-Trade |
60.969 |
94.539 |
125.616 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.217 |
(20.321) |
(3.904) |
|
|
Employees benefits
expense |
29.080 |
22.424 |
17.959 |
|
|
Other expenses |
75.951 |
65.679 |
45.441 |
|
|
TOTAL |
735.918 |
570.093 |
642.424 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
76.718 |
50.759 |
46.401 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
24.046 |
17.357 |
14.780 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
52.672 |
33.402 |
31.621 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
14.743 |
12.591 |
13.417 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
37.929 |
20.811 |
18.204 |
|
|
|
|
|
|
|
Less |
TAX |
10.345 |
6.830 |
5.946 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
27.584 |
13.981 |
12.258 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
132.705 |
31.098 |
56.454 |
|
|
Other goods for trade |
0.000 |
6.420 |
10.313 |
|
|
Capital Goods |
14.210 |
0.182 |
0.182 |
|
|
TOTAL IMPORTS |
146.915 |
37.700 |
66.949 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
424.04 |
214.93 |
188.45 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
16.046 |
15.539 |
14.790 |
|
Cash generated from operations |
(36.857) |
33.814 |
29.390 |
|
Net cash flow from operating activities |
(47.742) |
27.327 |
24.718 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors
/ Income * 365) |
62.92 |
46.01 |
46.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.80 |
7.93 |
7.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
11.02 |
3.10 |
4.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.75 |
0.66 |
0.90 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.66 |
0.48 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.69 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.13 |
1.63 |
1.74 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.08 |
1.35 |
1.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.79 |
0.88 |
0.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.19 |
2.92 |
3.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
3.40 |
2.25 |
1.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.42 |
4.18 |
3.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.77 |
11.71 |
11.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.24 |
1.28 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.80 |
1.09 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.36 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
48.08 |
29.92 |
28.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.24 |
1.28 |
1.39 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
6.505 |
6.505 |
6.505 |
|
Reserves & Surplus |
98.926 |
112.907 |
140.491 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
105.431 |
119.412 |
146.996 |
|
|
|
|
|
|
Long-term borrowings |
39.319 |
53.788 |
54.412 |
|
Short term borrowings |
129.507 |
125.304 |
242.299 |
|
Current Maturities of
Long term debt |
14.790 |
15.539 |
16.046 |
|
Total borrowings |
183.616 |
194.631 |
312.757 |
|
Debt/Equity ratio |
1.742 |
1.630 |
2.128 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
688.698 |
620.524 |
811.076 |
|
|
|
(9.899) |
30.708 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
688.698 |
620.524 |
811.076 |
|
Profit |
12.258 |
13.981 |
27.584 |
|
|
1.78% |
2.25% |
3.40% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
The company is
private limited company domiciled and incorporated under the provisions of the
Indian Companies Act, 1956. The company is engaged mainly in manufacturing and
supply of bituminous solutions, crash barriers and other road aesthetics and
traffic safety solutions for road construction industry. The company markets
its main products i.e. bitumen emulsion to various wings of department of PWD
and several other private contractors. The company is also carrying out the
business of road construction.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-Term
Borrowings |
|
|
|
From banks |
|
|
|
Indian rupee loan |
3.750 |
8.750 |
|
From others |
|
|
|
Indian rupee loan |
1.755 |
0.882 |
|
Indian rupee loan |
25.475 |
23.500 |
|
|
|
|
|
Short-Term Borrowings |
|
|
|
Deposits |
|
|
|
Other loans and
advances |
35.089 |
20.025 |
|
Total |
66.069 |
53.157 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G80700743 |
100163277 |
SIDBI |
20/03/2018 |
9000000.0 |
15/63, Civil Lines, 1st Floor, Krishna Tower, Kanpur-208001, Uttar Pradesh, India |
|
2 |
G79399572 |
100160410 |
Axis Bank Limited |
23/02/2018 |
816386.0 |
"Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India |
|
3 |
G68216134 |
100137300 |
HDFC BANK LIMITED |
26/09/2017 |
800000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
4 |
G65601858 |
100136119 |
HDFC BANK LIMITED |
21/09/2017 |
45736000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
5 |
G32459026 |
100070033 |
SIDBI |
21/12/2016 |
10000000.0 |
Krishna Tower, First Floor, 15/63, Civil Lines, Kanpur-208001, Uttar Pradesh, India |
|
6 |
C68667849 |
10599596 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
09/09/2015 |
9900000.0 |
Krishna Tower, First Floor, 15/63, Civil Lines, Kanpur-208001, Uttar Pradesh, India |
|
7 |
B30689574 |
10332205 |
Small Industries Development Bank of India |
18/01/2012 |
20000000.0 |
Krishna Tower, First Floor, 15/63, Civil Lines, Kanpur-208001, Uttar Pradesh, India |
|
8 |
B30213193 |
10330746 |
L & T FINANCE LIMITED |
23/12/2011 |
8400000.0 |
L&T House, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
9 |
B12675906 |
10286066 |
L & T FINANCE LIMITED |
28/04/2011 |
2825000.0 |
L&T House, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
10 |
B04534632 |
10262581 |
HDFC BANK LIMITED |
04/12/2010 |
657000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees issued to government authorities
and limited companies including guarantees issued on behalf of subsidiaries
and performance guarantees |
21.524 |
19.504 |
|
Appeals filed in respect of disputed demands :Sales tax / VAT (Appeal no 2650) |
0.000 |
14.795 |
|
Unexpired letters of credit |
3.285 |
0.000 |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Lab equipment
- Office
equipment
- Furniture and
Fixture
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.